# PPP loan: ADAMS PRODUCE INC.
> **$964K** approved 04/28/2020 · Paid in Full · Loan `8547157200`
## Borrower
- **Name:** ADAMS PRODUCE INC.
- **Address:** PO BOX 630, HATCH, NM, 87937
- **NAICS:** 445230
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $964K
- **Initial approval:** $964K
- **Forgiven:** $972K (101%)
- **Forgiveness date:** 03/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $771K
- **Mortgage interest:** $50K
- **Utilities:** $143K
- **Jobs reported:** 178
## Lender
- **Originating:** First New Mexico Bank
- **Servicing:** First New Mexico Bank (NM)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*